Montenegro to Increase Tobacco Tax to Align with EU Standards

Regulations by 2FIRSTS.ai

Jan.16.2024

Montenegro to Increase Tobacco Tax to Align with EU Standards

Montenegro's government will increase tobacco tax starting February 1 to align with EU standards; further increases planned in July.

According to a report by the local media outlet Seenews, the Montenegrin government will increase the consumption tax on cigarettes and smokeless tobacco products starting from February 1st, in order to align its tax revenue with EU standards.

The specific components will be increased from 49 euros per 1,000 cigarettes to 50.50 euros (55.25 dollars), while the proportional components will remain unchanged.

The consumption tax on smoke-free tobacco products will be increased from 145 euros to 190 euros. It is expected that another increase in the consumption tax, with a similar percentage, will be implemented in early July.

Montenegro is a mountainous country situated in the southwestern part of the Balkan Peninsula in Europe, along the eastern coast of the Adriatic Sea. It is bordered by Serbia to the northeast, Kosovo to the east, Albania to the southeast, Bosnia and Herzegovina and Croatia to the northwest, and the Adriatic Sea to the southwest.

Also Read:

[1] Serious Tax Evasion Discovered in German Shisha Shop

[2] IBVTA: Disposable Ban may Cause 38% Loss on UK Retailers

[3] Colorado Senate Passes Bill Granting Counties Authority to Regulate Flavored E-Cigarettes

#Europe #Traditional tobacco #Legislation #E-cigarette Taxes #Montenegro #FIRSTUNION

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